The largest oil company of Europe suffer severe losses due to the pandemic coronavirus. However, due to trading operations with raw material losses were not as significant as earlier predicted by the experts.
At the end of II quarter of current year profits fall British-Dutch oil company Royal Dutch Shell is 82%, the net loss exceeded $ 18 billion. The adjusted profit of the company is estimated at $638 million, analysts had predicted a drop to 674 million And the French energy company Total reported a drop in adjusted net profit by 96% to 126 million dollars , while experts estimated the drop in 443 million
Meanwhile, Italian oil giant Eni has not escaped the predicted losses, which amounted to 839 million dollars and reported a decrease in dividends.
Against this background, decreased stock indexes of Europe.